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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC mum on plan to buy into Glencore

Posted on 07 March 2011

From Shanghaidaily.com: A senior official at China’s US$300 billion sovereign wealth fund yesterday said he had not heard of any plans for the fund to buy a stake in Glencore International AG, the world’s largest commodities trader, which is aiming for a potential stock market listing.
Glencore’s possible initial public offering could value it at about US$60 billion and the deal could be a fee bonanza for investment bankers……………………………………….Full Article: Source


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